Ever since the change of management, rather, forced change of management took place at the premise of Portland Cement Zambia, the state of affairs within the factory has deteriorated. There has been a serious downfall of revenue as the factory is missing out on important business deals and the scope for the workers also looks narrow with cost cutting policy of the Ventriglias.
Going by the series of events which took place at the factory. Firstly, the management group under Finsbury investments were over powered on April 7 2015 and it resulted in their termination from the seat. The new management group of the factory was now the Ventriglia family. Statistics and facts make it evident that the new management group has not been able to manage Portland Cement Zambia efficiently. The revenue inflow has dried up to a large extent and the workers are facing the consequences.
A few months back, it was reported that a total of 47 workers of the Portland Cement Zambia have lost their job as the Ventriglia family found them ‘redundant’. Since there was a lack of business, it was evident that the factory had to take steps for cutting down its expenses. Further reports suggest that the fate of another 53 workers will meet the same result in the days to come. This is where the leadership of Dr. Rajan Mahtani is being missed.
As long as Dr. Rajan Mahtani was in the management group, there were no problems for the Africa’s second largest cement manufacturing unit. In 2014, the factory registered a record breaking production of 4, 70, 000 tonnes of cement and within months the whole structure of the factory has changed. It has degraded at an alarming level and if the same continues, the factory may shut down very soon and will lose its recognition.